Commodities

End of day analysis for Gold 22-10-2018

2018-10-22 17:55:53 GMT (Economies.com)

Gold price presses negatively on the key support 1218.70 and still above it until now, accompanied by stochastic reach to the oversold areas, to support the chances of resuming the bullish bias in the upcoming sessions, waiting to breach 1230.50 to reinforce the expectations of targeting 1238.31 level initially, noting that breaking 1218.70 and holding below it will push the price to test 1208.40 level before any new attempt to rise.

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